General Awareness: Economics Quiz 1

1 .The "Garibi Hatao" slogan was coined in
a) 1958
b) 1966
c) 1971
d) 19802. The principal sources of revenue to the State Government in India is
a) Income Tax
b) Sales Tax
c)State Excise Duties
d) Land Revenue

3. The modern economy is not characterised by?
a) Production for market
b) Capital intensive mode of production
c) Development of money economy
d) Self-sufficient village system4.Gross domestic capital formation is defined as ?
a ) flow of expenditure devoted to increased or maintaining of the capital stock
b) expenditure incurred on physical assets only
c) production exceeding demand
d) net addition to stock after depreciation5. India opted for 'Mixed Economy' in?
a) First Five Year Plan
b) Second Five Year Plan
c) Industrial Policy of 1948
d) Framing of the Constitution6. Depreciation means?
a) Closure of a plant due to labour trouble
b) Destruction of a plant in a fire accident
c) Loss of equipment over time due to wear and tear
d) Closure of a plant due to lock out7. The apex institution in the area of rural finance is:
a) RBI
b) SBI
c) NABARD
d) All of these

11. Which one of the following statements most appropriately describes the nature of the Green Revolution?
a) Intensive cultivation of crops
b) Seed-fertilizer-water technology
c) Intensive agriculture district programme
d) High-yielding varieties programme

12. Who gave the call for ‘Evergreen Revolution’ in India?
a) MS Swaminathan
b) APJ Abdul Kalam
c) Dr Manmohan Singh
d) MS Ahluwalia13. Abid Hussain Committee is related to reforms in industries.
a) private sector
b) large
c) public sector
d) small14. Name the First Indian private company to sign an accord with Government of Myanmar for oil exploration in second offshore blocks in that country:
a) Reliance Energy
b) GAIL
c) ONGC
d) Essar Oil15. In which area is the public sector most dominant in India?
a) Organized term lending financial institutions
b) Transport
c) Commercial banking
d) Steel production